NHX Performance Review - July 2018 Funds count: 172
Month in Review Stockholm (HedgeNordic) - Nordic hedge funds returned an average of 0.7 percent in July (88 percent reported), as equity-focused hedge funds benefited from strong secondquarter company earnings both in Europe and the United States. The NHX Composite reached an index value of 190.87 last month, slightly off its all-time high of 191.34 reached in January of 2018. As of the end of July, Nordic hedge funds as a group are up 0.6 percent year-to-date. Preliminary data shows all five NHX sub-categories ended the month of July in the green, except for CTA funds. Nordic CTAs fell 0.7 percent last month, extending year-to-date losses through July to 3.0 percent. Equity hedge funds gained 1.2 percent, taking the performance for the first seven months of 2018 further into positive territory at 1.8 percent. Fixed-income and multi-strategy hedge funds were up 0.9 percent and 0.6 percent in July, which brought their year-to-date gains to 1.1 percent and 0.6 percent, correspondingly. Funds of hedge funds, meanwhile, were flat last month, keeping year-to-date losses at 1.3 percent. Around 67 percent of Nordic hedge funds with reported July performance figures posted gains in July, with Nykredit EVIRA Hedge Fund booking the biggest gain within the NHX (up 7.3 percent). As of July, close to half of the NHX universe (roughly 53 percent) were in positive territory for the year. Gladiator Fond is currently the best-performing member of the NHX with a year-to-date return of 18.0 percent. HCP Focus Fund and AAM Absolute Return Fund closely follow suit, with year-to-date gains of 16.3 percent and 16.1 percent, respectively.
Sub-Strategy and Country-by-Country Performance 2%
3%
1%
2%
0% 1% -1% 0% -2% -1%
-3% -4%
-2% NHX Composite
NHX CTA
NHX Equities
MTD
NHX Fixed Income
NHX Multi-Strategy
NHX Fund O f Funds
NHX Denmark
NHX Finland
YTD
NHX Norway
MTD
A country-by-country performance review shows that Finnish hedge funds posted losses as a group (down 0.2 percent). Danish hedge funds gained the most last month, with an average gain of 1.5 percent. Swedish and Norwegian hedge funds returned 0.6 percent and 0.5 percent on average, respectively.
NHX Sweden
YTD
Four of the five NHX sub-categories posted gains in July, with CTA funds falling 0.7 percent on average. Equity-focused hedge funds gained the most, posting an average return of 1.2 percent. Fixed-income and multi-strategy hedge funds were up 0.9 percent and 0.6 percent, correspondingly. Funds of funds were flat in July.
NHX Composite Historical Monthly Returns (88% updated NAVs) MONTHLY PERFORMANCE
INDEX VALUES
VIEW CONSTITUENTS
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Year
2018
0.81
-1.37
-0.54
1.02
0.3
-0.31
0.67
2017
0.15
1.2
0.26
0.49
-0.2
-0.55
0.18
0.11
0.68
0.91
-0.35
0.2
3.11
2016
-1.09
0.36
0.38
0.41
0.63
0.12
1.42
0.1
0.2
-0.03
0.23
1.18
3.97
2015
2.25
1.39
0.91
-0.1
0.42
-1.41
1.21
-1.49
-0.49
0.9
1.66
-0.5
4.77
2014
0.3
1.67
-0.09
0.08
1.23
0.29
-0.04
0.74
0.07
-0.03
1.13
0.03
5.5
2013
1.86
0.62
0.53
0.56
0.79
-1.26
0.69
-0.42
1.03
1.42
1
0.98
8.04
2012
1.78
1.46
0.27
-0.04
-0.38
-0.46
1.87
0.36
0.25
-0.58
0.44
0.89
5.97
2011
-0.18
0.46
0.26
1.32
-0.92
-1.49
0.02
-1.82
-1.06
0.77
-0.43
0.55
-2.52
2010
0.3
0.07
1.81
0.76
-1.57
-0.68
0.71
0.36
1.62
1.07
0.3
3.3
8.25
2009
0.44
-0.32
1.12
2.46
2.97
0.04
1.96
1.51
1.73
0.17
0.72
0.6
14.19
2008
-1.13
1.84
-0.73
0.52
1.22
-1.24
-1.43
0.05
-4.28
-3.6
-0.58
-0.47
-9.53
2007
1.44
1.07
0.3
-0.38
-1.45
0.89
1.06
-1.49
0.3
3.96
0.56
1.11
0.17
0.93
2006
1.7
0.75
2.22
1.02
-1.26
-0.07
-0.22
0.97
0.67
1.01
1.42
1.99
10.62
2005
0.76
1.45
0.37
-0.57
1.25
1.68
1.52
0.51
1.72
-1.39
1.75
2.01
11.56
Nordic Business Media AB | Corporate No.: 556838-6170, Stockholm SE-103 89 | Phone: +46 (0) 8 5333 8688 | Email: kamran@hedgenordic.com There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.